Organovo (ONVO) Misses Q2 EPS by 2c

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Go back to Organovo (ONVO) Misses Q2 EPS by 2c

Organovo Announces Fiscal Second-Quarter Results; Company Affirms Full-Year Fiscal 2016 and Long-Range Outlook

November 9, 2015 4:10 PM EST

SAN DIEGO, Nov. 09, 2015 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. (NYSE MKT: ONVO) (Organovo), a three-dimensional biology company focused on delivering scientific and medical breakthroughs using its 3D bioprinting technology, today reported financial results for the fiscal second quarter of 2016 and affirmed its full-year fiscal 2016 and long-range outlook.  Net loss was $11.3 million, or $0.12 per share, for the fiscal second quarter of 2016, as compared to $8.9 million, or $0.11 per share, for the fiscal second quarter of 2015.

Organovo reported fiscal second-quarter total revenue of $0.3 million, which consisted of $0.2 million of products and services revenue and $0.1 million of collaborations and... More